ICS Copper Systems Ltd Announces & Completes A Private Placement of $100,000
CAD
ABBOTSFORD, BC,
The warrants are subject to accelerated expiry if common shares trade at or above
Proceeds of the private placement will be used by the Company for general working capital.
Zambian EMEW Plant Update
All building materials and equipment are now on site near Kitwe, as well as the 1050 kva generator. It is intended that the 1050 kva generator will provide back up power supply to the plant with excess power generated being sold back to the grid. The leach circuit design was awarded to African Mining Consultants in Zambian who have subsequently prepared the mass balances and flow sheet for the leach circuit and initial equipment list.
An application for environmental compliance in the form of an Environmental Preliminary Brief (EPB) has been submitted to the Environmental Council of
ICS COPPER SYSTEMS LTD. Signed "Graham Chisholm" Graham Chisholm, President & CEO
This release includes certain statements that are "forward-looking statements". All statements in this release, other than statements of historical facts that address future exploration, development and production activities, and other circumstances, events and developments that the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results, events and developments may differ materially from those in the forward-looking statements. The occurrence of certain risk factors, the probability of which is unknown, may also affect actual results, events and developments expected by the Company.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information: Graham Chisholm, [email protected], Office: (604) 859-3007, Cell: (604) 302-0746; Jeannette Durand, [email protected], Web Page: www.icscopper.com
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